JPMorgan, Wells Fargo, and Morgan Stanley have all reported better-than-expected results for the first quarter of the year. During a recent earnings call, JPMorgan CEO Jamie Dimon emphasized […]
Banks
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Jamie Dimon Expects S&P 500 Earnings Estimates to Drop as Companies Withdraw Guidance
JPMorgan Chase CEO Jamie Dimon stated that he anticipates a decline in S&P 500 earnings estimates due to the uncertainty surrounding trade negotiations. During a press call discussing […]
Banks / Technology
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Zelle Discontinues Stand-Alone Mobile App
Zelle, one of the most popular digital payment services in the U.S., has discontinued its stand-alone mobile app. However, the service remains available through bank websites and apps. […]
Banks
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Robinhood Launches Banking Platform with Home Cash Delivery for Premium Members
Robinhood is set to launch an online banking platform for its premium members this fall, featuring home cash delivery services. The financial technology company, headquartered in California, announced […]
Banks
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Robinhood Launches Banking Services with Physical Cash Delivery Option
Robinhood is expanding its financial services by introducing a fully online banking platform. This fall, Robinhood Gold subscribers will have access to checking and savings accounts through Robinhood […]
Banks
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Impact of Past Due Student Loan Payments on Credit Scores
Daniel Mangrum and Crystal Wang discussed the effects of pandemic-related policy actions on student loan balances, repayment rates, and delinquent loans. This article focuses on how these changes […]
Banks
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Prosecutor Claims Frank Founder Misled JPMorgan Chase in $175 Million Deal
NEW YORK (AP) — A prosecutor argued that a Florida woman executed a ‘brazen fraud’ by exaggerating her student aid startup’s customer base to sell it to JPMorgan […]
Banks
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UBS Proposes Capping Investment Bank Size to Satisfy Swiss Regulators
UBS has put forth a proposal to restrict the size of its investment banking division in an effort to meet the demands of Swiss regulators. This move aims […]
Banks
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UBS Offers Concessions to Swiss Regulators Amid Capital Demands
ZURICH, March 26 (Reuters) – Two years after acquiring Credit Suisse to form a Swiss banking giant, UBS is attempting to avoid stricter regulations by proposing to limit […]
Banks
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Morgan Stanley Raises Chinese Stock Targets on Earnings Optimism
Morgan Stanley has increased its targets for Chinese stocks, driven by moderate increases in earnings growth forecasts and higher valuation targets. The U.S. bank noted that earnings results […]